Analyst Expectations for Rocket Companies's Future
Portfolio Pulse from Benzinga Insights
Analyst ratings for Rocket Companies (NYSE:RKT) over the last quarter show 3 indifferent, 1 somewhat bearish, and 1 bearish rating. The average 12-month price target is $8.1, representing a 28.51% decrease from the previous target of $11.33. Analysts rate stocks based on future earnings potential and company risk profile, typically updating their ratings quarterly or after major company events.
December 06, 2023 | 2:00 pm
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NEGATIVE IMPACT
Analysts have given Rocket Companies a lower average price target of $8.1, down from $11.33, indicating a bearish outlook over the next 12 months.
The reduction in the average price target for Rocket Companies reflects a negative shift in analyst expectations, which could lead to a decrease in investor confidence and potentially a decline in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100